The Attorney General’s Office has blocked parties’ intention to postpone approval of tax reform legislation until 2026, instead of this December as the government wants.
During today’s discussion of the bills at the parliamentary Finance Committee, MPs asked whether the reform could be approved in early 2026 but take effect from 1 January. The Law Office representative responded negatively.
She said this would have legal complications. According to the Law Office representative, some bills such as those concerning stamp duty would not be affected, but other legislation and their provisions would be affected in cases where penalties are justified. “I appeal to you to complete the examination before the end of the year,” she stressed.
Given this, parliament will have to fast-track the process to approve the legislation before year’s end, even though the required work is substantial and the time available very limited.
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